In a bold move shaking up both Wall Street and the crypto world, cryptocurrency platform Kraken announced Thursday that it plans to acquire U.S. retail futures trading firm NinjaTrader in a $1.5 billion deal—a seismic shift that bridges the gap between digital assets and traditional finance.
The transaction, which is being shepherded by four major law firms, is the largest-ever merger between a regulated futures trading platform and a cryptocurrency exchange, according to statements from both companies.
Law Firms Steering the Deal
Kraken is receiving legal guidance from Jones Day and Lowenstein Sandler LLP, while Choate Hall & Stewart LLP and Katten Muchin Rosenman LLP are advising NinjaTrader.
Founded in 2011, Kraken has built its reputation as one of the oldest and most secure cryptocurrency exchanges in the world. Its stated mission? To accelerate global crypto adoption and democratize financial freedom.
NinjaTrader’s Expanding Reach
Established in 2003, NinjaTrader provides futures trading tools to nearly 2 million traders and operates as a CFTC-registered merchant.
This merger isn’t just a financial move—it’s a technological evolution. Kraken aims to create a seamless integration between traditional markets and cryptocurrency, giving traders cutting-edge tools and an unmatched ability to move across asset classes.
